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Hagerty has the numbers — such as the values of cars bought at recent auctions and the number of insurance quotes searched for on the Hagerty website over the past year — to gauge where the ...
Myth #2: Red cars cost more to insure. One of the most persistent myths about auto insurance is that insurance companies charge more to insure red cars.
According to Hagerty’s 2023 Bull Market predictions, not all vehicles gain value with the passing of time, and some of the best upticks in value can be found on models built after 2000.
Hagerty was launched in 1984 by Frank and Louise Hagerty after they could not find good insurance coverage for their wooden boats. The company initially focused on providing coverage for antique boats, and later expanded into cars and other vehicles. [6] In 1991, the company added coverage for classic cars. [7]
Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles. Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a ...
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